Support levels: 1.0103, 1.0015, 0.9930.
Resistance levels: 1.0391, 1.0454, 1.0681.
The USD/CAD currency pair keeps on moving down after it has broken the support level of 1.0226 which is also the lower limit of the triangle on 4-hour timeframe. Now the fall to the next support level of 1.0103 with the further target at 1.0015 should be awaited. The breach of 1.0015 will open the way to the testing of 0.9930.
However, if the pair reverses and break out the resistance level of 1.0391, the rising movement to 1.0454 should be expected. Further, the breach of the mark of 1.0681 will testify to that the pullback from 1.0858 is finished.
In mid-term outlook, the decline from 1.0858 casts a shadow of doubt on bullish view of the pair. But considering bullish divergence of daily and weekly MACD, the reversal of the downtrend from 1.3063 should be expected soon. In this case, USD/CAD will move upwards to Fibonacci correction level of 38.2 from 1.3063 to 0.9929 on 1.1126 with the next target at Fibonacci correction level of 61.8 to 1.1866.